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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Economists: The Eurozone is facing a significant economic recession, recovery will be slow. According to Reuters, Greece has repaid its loan from the Eurozone early for the first time. The Ministry of Finance and the Czech National Bank recommend that the government not set a date for adopting the euro yet. Unemployment in Slovakia has fallen to a more than two-year low of 5.90 percent. Analysis: Real wages in the Czech Republic are falling the most among OECD countries, even since the establishment of the state. The Polish central bank has left the base interest rate at 6.75 percent. Central bank: The French economy will weaken sharply next year. Survey: Almost half of Poles intend to reduce spending on Christmas gifts this year. Unemployment in the Czech Republic remained at 3.5 percent in October, and will probably rise in the coming months. Activity in the US manufacturing sector fell for the first time in two and a half years. Study: The number of corporate and business bankruptcies rose in November. The first coins with the portrait of King Charles III are being put into circulation in Britain. Analysts have doubts whether the so-called windfall tax will yield the expected 85 billion CZK. OECD: The global slowdown will hit Europe the hardest next year. According to analysts, the eurozone economy will decline next year, also due to inflation. Fiala: The combination of nuclear and renewable energy is the only truly safe scenario for the Czech Republic. Survey: German companies plan to expand activities in Africa next year. Hot tub manufacturers USSPA last year saw after-tax profits fall to 13 million CZK, sales rose. Creditreform: In Germany, corporate insolvencies will increase this year for the first time since 2009. The Turkish central bank has cut interest rates to nine percent despite high inflation. Survey: German companies expect only a slight recession in the German economy. Confidence in the economy increased slightly in November, entrepreneurs remain pessimistic Special instructions: In paragraphs 1, 4 and 5, we have added analysts' opinions, in paragraphs 6 to 9, additional information from the survey. The Confederation of German Industry called for a one-year postponement of global corporate taxation. Chinese imports and exports fell the most in two and a half years in November. The Indian central bank raised the base interest rate to 6.25 percent, worsened the outlook. KFC and McDonald's in the Czech Republic increased prices this year, the cheeseburger became more expensive by a fifth. Biohealing is the company of the year 2022, farmer Jan Bošina is the sole proprietor. Study: Czech companies will invest CZK 61 billion in digitalization in three years. Bloomberg: Falling property prices in Sweden may deepen the economic crisis.

Stock exchanges: Kovohutě Příbram wants to use photovoltaics and light fuel oils. Russian aluminum producer Rusal has added business contracts for next year. EBRD and the Netherlands will provide 372 million euros to Ukrainian company Ukrenergo. Bloomberg: India is the main driver of the steel industry thanks to construction. 2023 will be a difficult year for investments, analysts recommend bonds or gold. The price of gold has reached a six-month high.

Finance: Auditing firm Mazars has suspended cooperation with clients from the crypto world. Česká spořitelna and Komerční banka reported significant profit growth in three quarters. McLaren sold part of its collection of vintage cars to raise money for Arturo's new supercar. Hungary is approaching billions from the EU budget, according to the minister, it has complied with Brussels. Home Credit sells assets in the Philippines and Indonesia for almost CZK 15 billion. The number of payment cards issued in the Czech Republic increased by 400,000 year-on-year to 13.65 million. Buffett's Berkshire increased its stakes in five Japanese trading companies. The financial services sector in Britain is facing the biggest changes in more than 30 years. American cryptocurrency company BlockFi has filed for bankruptcy protection. The US authority has extended Sberbank CZ's exemption from sanctions, the sale can continue.